By otakuyassine3@gmail.com 
Integrated Investment Consultants LLC grew its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 113,170 shares of the cryptocurrency exchange’s stock after purchasing an additional 250 shares during the quarter. Coinbase Global makes up 0.6% of Integrated Investment Consultants LLC’s holdings, making the stock its 12th biggest holding. Integrated Investment Consultants LLC’s holdings in Coinbase Global were worth $28,100,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in COIN. Merit Financial Group LLC acquired a new stake in Coinbase Global in the fourth quarter valued at $322,000. Wealthcare Advisory Partners LLC grew its position in shares of Coinbase Global by 8.1% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,794 shares of the cryptocurrency exchange’s stock valued at $445,000 after buying an additional 135 shares during the last quarter. Avanza Fonder AB acquired a new stake in shares of Coinbase Global in the fourth quarter valued at about $4,165,000. Capital Advisors Wealth Management LLC increased its stake in shares of Coinbase Global by 3.2% in the fourth quarter. Capital Advisors Wealth Management LLC now owns 1,470 shares of the cryptocurrency exchange’s stock valued at $365,000 after buying an additional 45 shares during the period. Finally, Ritholtz Wealth Management bought a new position in shares of Coinbase Global during the fourth quarter worth about $369,000. 68.84% of the stock is currently owned by institutional investors.
Coinbase Global Price Performance
Shares of NASDAQ COIN opened at $295.48 on Friday. The stock has a market cap of $73.97 billion, a price-to-earnings ratio of 50.42 and a beta of 3.59. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.03 and a current ratio of 1.03. Coinbase Global, Inc. has a fifty-two week low of $114.51 and a fifty-two week high of $349.75. The firm’s 50-day simple moving average is $291.21 and its 200 day simple moving average is $231.24.
Coinbase Global (NASDAQ:COIN – Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.13). Coinbase Global had a return on equity of 14.81% and a net margin of 29.76%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company posted ($0.01) EPS. The company’s quarterly revenue was up 78.8% compared to the same quarter last year. As a group, research analysts anticipate that Coinbase Global, Inc. will post 4.69 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group dropped their price target on shares of Coinbase Global from $397.00 to $340.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Needham & Company LLC boosted their target price on shares of Coinbase Global from $375.00 to $420.00 and gave the company a “buy” rating in a report on Monday, December 9th. Mizuho increased their price target on Coinbase Global from $160.00 to $178.00 and gave the stock an “underperform” rating in a report on Thursday, October 31st. Monness Crespi & Hardt boosted their price objective on Coinbase Global from $245.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $280.00 target price on shares of Coinbase Global in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $282.83.
Check Out Our Latest Analysis on Coinbase Global
Insider Buying and Selling
In other news, CAO Jennifer N. Jones sold 1,837 shares of Coinbase Global stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $295.02, for a total transaction of $541,951.74. Following the sale, the chief accounting officer now directly owns 1,160 shares in the company, valued at $342,223.20. The trade was a 61.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Alesia J. Haas sold 20,000 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $300.00, for a total transaction of $6,000,000.00. Following the completion of the transaction, the chief financial officer now directly owns 124,470 shares in the company, valued at $37,341,000. This trade represents a 13.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 347,033 shares of company stock worth $102,613,277. 23.43% of the stock is owned by insiders.
Coinbase Global Profile
Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.
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